There is a newer version of the Louisiana Laws
2016 Louisiana Laws
Code of Civil Procedure
CCP 696 - Pledgor and pledgee
LA Code Civ Pro 696 (2016) What's This?
Art. 696. Pledgor and pledgee
The pledgee of a real right, or of a negotiable instrument or other incorporeal right, is the proper plaintiff to sue to enforce the pledged right.
The pledgee may enforce the entire right judicially, unless it is an obligation of the pledgor, in which event it may be enforced only to the extent of the indebtedness secured by the pledge.
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